Mockingjay Trend EA MT4: Elliott Wave Trading with Controlled Risk
Mockingjay Trend EA is an Expert Advisor (EA) whose central strategy is based on the Elliott Wave Theory. It opens orders during the second correction wave to capture profits from the third wave. The EA is not a martingale system, and every order has a Stop Loss, ensuring a controlled and manageable risk profile. With customizable parameters, it provides a disciplined approach to trading trends on specific pairs and timeframes.
➡️ Vendor Wedsite: View here
About the Author
This product is compiled by Guojun Xu. This author has more than +9 years of experience working on MQL5 with many famous products such as Mockingjay Trend EA and other advisors. Among them, Mockingjay Trend EA is his best performing product.
➡️ Delivery time 24h-48h after payment.
➡️ Refund if not delivered.
➡️ You will receive the current version without any limitations (ID+Time).
Key Features
🔹 Elliott Wave Strategy: The core of the EA's strategy is based on the Elliott Wave Theory, opening orders during the second correction wave to profit from the third wave's fluctuations.
🔹 Fixed Stop Loss: Every order is protected by a Stop Loss (SL) that is set at the highest or lowest historical price, providing a clear and fixed risk level.
🔹 No Martingale: The EA does not use Martingale, ensuring a controllable risk level and preventing the exponential increase in lot size after losses.
🔹 Optimized for Specific Pairs: It is designed to be used only on GBPUSD, XAUUSD, and USDJPY, all on the M15 timeframe.
Mockingjay Trend EA MT4 Review
🔹The Mockingjay Trend EA has undergone a 15-year backtest (2003–2018) on the GBP/USD (15-minute timeframe) using tick data with 99.90% modeling quality. The results reflect long-term profitability with a consistent equity growth curve, although the system carries moderate-to-high drawdown risk.
✅ Backtest Period: 2003.05.05 – 2018.05.01
✅ Initial Deposit: $2,000
✅ Total Net Profit: $19,288
✅ Win Rate: 71.91%
✅ Maximum Drawdown: 31.96%
🔹The Mockingjay Trend EA was tested on XAU/USD (Gold ) over a 5-year period (2013.06.21 – 2018.04.11) using the M15 timeframe with 99.90% modeling quality. The results show steady growth, demonstrating the EA’s potential for long-term profitability in gold trading.
✅ Initial Deposit: $2,000
✅ Total Net Profit: $8,599.83
✅ Win Rate: 70.26%
✅ Maximum Drawdown: 33.59%
🔹The Mockingjay Trend EA was tested on the USD/JPY currency pair over a 5-year period (2013.06.20 – 2018.04.11) using the M15 timeframe with 99.90% modeling quality. The results demonstrate consistent profitability and strong trend-following capabilities.
✅ Initial Deposit: $2,000
✅ Total Net Profit: $5,090.67
✅ Win Rate: 68.59%
✅ Maximum Drawdown: 22.57%
Why use Mockingjay Trend EA?
🔹 Enhanced Risk Control: By strictly avoiding martingale and using a fixed Stop Loss on every order, the EA provides a high level of risk control.
🔹 Disciplined Trend Trading: The strategy's foundation in the Elliott Wave Theory ensures a disciplined and logical approach to trading trends.
🔹 Specialized Performance: The EA's optimization for specific pairs and timeframes allows it to be more efficient and reliable than a generic trading system.
🔹 Easy to Use: The EA is easy to use with an ECN broker and a VPS, and its parameters are straightforward to understand.
➡️ Reviewed by David Easton
Product Download Package?
The download package of the product suite includes:
✅ Experts: Mockingjay Trend EA_fix.ex4
Conclusion
In short, The Mockingjay Trend EA is a disciplined and strategy-driven Expert Advisor built on the Elliott Wave Theory, designed to capture high-probability entries during corrective market phases and maximize profits in strong third-wave trends. Unlike many EAs that rely on risky Grid or Martingale methods, this system emphasizes strict risk management by using a fixed stop loss at key historical levels, ensuring controlled exposure on every trade.
